The Allstate Corporation (NYSE:ALL) Receives $234.27 Consensus PT from Analysts

The Allstate Corporation (NYSE:ALL) has earned an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $237.1333.

Several equities analysts have issued reports on ALL shares. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price target (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Roth Capital set a $230.00 target price on shares of Allstate and gave the company a “buy” rating in a research report on Friday, September 26th.

Allstate Stock Up 1.7%

Allstate stock opened at $207.28 on Wednesday. The business’s 50-day moving average price is $201.95 and its 200 day moving average price is $201.40. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $54.24 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. Allstate has a 52 week low of $176.00 and a 52 week high of $215.70.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the business earned $3.91 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Allstate will post 18.74 earnings per share for the current year.

Institutional Investors Weigh In On Allstate

Large investors have recently made changes to their positions in the stock. Arlington Trust Co LLC grew its holdings in Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Allstate in the first quarter valued at about $28,000. Barnes Dennig Private Wealth Management LLC increased its position in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Clearstead Trust LLC raised its stake in Allstate by 3,800.0% during the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 152 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.